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Talisman Energy sells selected Canadian assets for US$1.9 billion

Report summary

In a continuation of its ongoing rationalisation programme, Talisman has agreed to sell a number of non-core assets in five separate transactions for a total consideration of US$1.9 billion. The sales include approximately one million acres of land in the Peace River Arch, Central Alberta Foothills, and Hinton areas of Alberta, as well as the company's properties in Ontario. Eurogas Corp has been reported as the buyer of the Ontario assets, but other buyers have yet to be named. The ...

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The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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Deal insight | Apr 2010

Talisman Energy sells selected Canadian assets for US$1.9 billion

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